IMPORTANT NOTE: Please note that the exchange rate changes hourly… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦573 and the price can change (high or low ) within hours.
Newsonline has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.
The exchange rate between the Naira and the US dollar according to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦414.10/$1 on Friday October 22, after it closed at ₦415.07 to a $1 on Thursday, 21 October 2021.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Friday, October 22, opened N568.00 to a $1, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
LAGOS PARALLEL MARKET RATES October 21, 2021 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N573.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 21 October 2021, in Lagos Nigeria after it closed N572.00 per $1 on Thursday, 21 October 2021. This represents a change of $2 from the previous day. This means dollar to naira changed its position from the previous day.
Note: dollar to naira exchange rate has stabilized at N570-575 per $1 since Monday, October 11.
Newsonline Nigeria reports that the black market, the players buy a dollar for N568 and sell for N573 on Friday morning, October 22, 2021 after they bought N567 and sold N572 the previous day. This means dollar to naira changed its position from the previous day.
Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦572 in Parallel Market also known as Black Market on Monday, October 18, 2021, in Lagos Nigeria. after it opened N575 last week Monday, October 11, 2021.
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